The P word. Many startup founders fear this and in fact many of us avoid looking in depth at whether our businesses ACTUALLY make money. Forget that our coveted Monthly Recurring Revenue is high. what about money in the bank? Today Dave and Craig took a good, hard look at not just profitability in general but our own businesses to see what real profitability looks like. The definition we're … [Read more...] about RS060: Is Your Business Truly Profitable?
This week Dave and I sit down for a chat about building the Assets and minimizing the Liabilities in your business. As with regular business, in the bootstrapped entrepreneurial space Assets are things that give you either more time or more money. Conversely, Liabilities are things that consume unproductive time in your day or cost money that does not contribute back to your business. The key … [Read more...] about RS012: Watch Your Assets!